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Monday 20.05.2019 | Name days: Venta, Salvis, Selva

Prime Minister: equal conditions needed in single EU market

On Friday, October 28, the Prime Minister Valdis Dombrovskis met with his Danish counterpart Helle Thorning-Schmidt to discuss current matters in both countries’ cooperation, including the economic and security issues within the EU context.

Swedbank: retail trade data imply illegal fuel sales

Retail trade turnover and thus also the household consumption keep growing despite the monthly growth rate slowed down considerably in September, says Lija Strasuna, Swedbank economist.

Samsung outruns Apple

Samsung Electronics overtook the leading world's smatphone maker Apple in July-September performance by posting a 44% climb in shipments.

Retail trade up 0.9% in Latvia

Compared to August, total retail trade turnover (according to seasonally adjusted data at constant prices) was up 0.9% in September 2011, according to the Central Statistical Bureau.

Greece criticizes EU's decision to write off 50% of its debt

The Greek parliamentary opposition leader Antonis Samaras has categorically criticized the EU’s decision to write off 50% of the country’s sovereign debt which is owned by investors.

Europe decision to shelter Latvia for two years

Time the debt stricken countries are given to arrange their finances is like a shelter for Latvia to go on with the development of its national economy, says Krisjanis Karins, member of the European Parliament.

Interior Minister's priority - salaries in the police

The most urgent task is to maintain the capacity of the interior system. If police officers start quitting again, the security of the state will be at risk, says Rihards Kozlovskis, the new Latvia Interior Minister.

70 million lats not acquired in EU funding projects

Within three months, Latvian ministries have to acquire 284 million lats of the budget financing in the EU funding projects, the Finance Ministry informs BNN.

Finance Ministry urges to improve the state fee system

On October 27, the State Secretaries’ meeting reviewed the Finance Ministry’s prepared informative report on separation of the state (municipal) duties and charges with the aim to identify problems related to determining municipalities fees, as well as to draft proposals for improving fee administration process.

Illegal employment doubles

In nine months of 2011, the State Labour Inspectorate discovered 2 184 cases of illegally employed persons. It is twice as much as in the same period a year earlier - 1 075.

Government debt in September – 5.413 billion lats

In late September, the government and local government debt stood at 5.413 billion lats, according to the State Treasury’s compiled data.

Saeima Legal Affairs Committee urges to abandon secret ballot

Saeima Legal Affairs Committee is approving of the bill that provides abandonment of secret ballot of public officials, according to the SLAC press center.

Survey: Baltic banks most cautious in real estate market

Compared to the real estate sector in the Central and Eastern Europe, banks in the Baltic States more conservatively view the real estate market recovery, according to KPMG’s survey of more than 50 leading banks in the region.